Gov. Scott: Jax's economic development not aggressive enough

[jcjohnpaint]

Here is a question that no one dares ask. Should talks start to de-consolidate ( is that a word?) the county and city? I really think Jacksonville city borders should be reconsidered. Just a  thought.

Consolidated cities like Nashville, Indianapolis, Philadelphia, NYC, San Francisco and Boston seem to be doing ok.  While non-consolidated cities like Detroit, Toledo, Buffalo, Richmond and Birmingham are stagnant or struggling with decline.  The car seems fine, we just need to improve our driving skills.

Can't really throw SF, Boston, and Philadelphia in there as consolidated in the same sense as Jacksonville, Nashville, Louisville, Oklahoma City, etc.  <50 sq mi versus 500+ = a very incomparable difference.  Jax would be similar to SF if SF and Silicon Valley suburbs and Oakland were all in the same city, when in reality they are multiple municipalities with different needs and different political climates.

What's more comparable is the push in the "consolidated" cities of Boston and San Francisco to work with the metro region as a whole to solve housing and jobs issues - THAT's a much better analogy to consolidated Jax and where Jacksonville has the leg up since it is consolidated under single leadership.

The difference is if San Francisco wants to add transit or ban plastic, it generally has the buy-in for a cause from everyone since everyone is liberal and shares similar views (except on housing).  But if San Francisco wants jobs but doesn't want more housing, it can't also rely on its neighbors to provide the housing or accept a train extension since all the other suburbs are anti-growth as well.  Whereas Jacksonville if it had good leadership can really plan for a great city and do well for itself.

Consolidated + large + bad leadership = bad results
Consolidated + large + good leadership = great results

Why can't we just work on our leadership?

Great Point!!

[icarus]

Consolidated + large + bad leadership = bad results
Consolidated + large + good leadership = great results

Why can't we just work on our leadership?

+1,000 Well said, Sir

[mtraininjax]

I assume you are being sarcastic.  The mortgage business is starting to drastically shrink again.

I have over 4000 posts of sarcasm. I live to be sarcastic out here.

Mortgage Refis are down, but new loans are rising, as banks are lowering their FICO scores to create new origination fees, which are their real bread and butter. Rising housing market and prices rising reflect the loans being created. Too bad we cannot see M3 anymore, but look at the money supply each week to see how the economy is growing, possibly with more loans.

[fieldafm]

I assume you are being sarcastic.  The mortgage business is starting to drastically shrink again.

I have over 4000 posts of sarcasm. I live to be sarcastic out here.

Mortgage Refis are down, but new loans are rising, as banks are lowering their FICO scores to create new origination fees, which are their real bread and butter. Rising housing market and prices rising reflect the loans being created. Too bad we cannot see M3 anymore, but look at the money supply each week to see how the economy is growing, possibly with more loans.

Originations are most certainly not rising for residential mortgages.  You're about a year too late to that party. 

[mtraininjax]

Originations are most certainly not rising for residential mortgages.  You're about a year too late to that party.

I would disagree with this statement.  Double Digit increases in prices in local housing is not all related to cash buyers. Prices have risen dramatically on the REO offerings from realtors since the beginning of the year.

4.5% is still a helluva rate for Gen X and Y compared to what boomers paid in the early 80s.

[fieldafm]

I guess I have no idea what I'm talking about then. 

[mtraininjax]

I'll have some data to show you, rather than tell you soon. Numbers don't lie....

[Lunican]

Chase is laying off mortgage processors in Jax before the end of the year.